Trulieve is one of the safest stocks in cannabis

Trulieve Cannabis has established itself as one of the top cannabis producers in the U.S. market. Although it hasn’t been looking to expand into as many different states as possible, it’s been doing a great job at focusing on the Florida market. There, the company recently opened its 40th dispensary. The results have been paying off, as it’s proving to be one of the better buys in the industry.

With cannabis stocks changing, the question of the safest stocks in cannabis can be a hot topic. There are some rules in the cannabis investing sector, also there are exceptions that confirm those rules.

In the cannabis industry, one of these exceptions is Trulieve Cannabis Corp, a Florida-based cannabis producer.

This exception
could be a sign of a broader trend that will soon lose its exceptional status
and become the new general rule.

Hemp.im is a mobile application that focuses exclusively on the cannabis industry. The app sheds light on the latest breaking news in the cannabis industry and tackles industry-reaching topics including cannabis stocks.

The safest
stocks in cannabis investing

Most cannabis stocks lost a large part of their value in the second half of 2019. Indeed, the stock market performances of the big names in the sector have been disastrous.

Trulieve Cannabis Corp (CSE: TRUL) is an exception to this rule. With a market capitalization of $1.93 billion, this vertically integrated medical cannabis producer has seen its share price increase by 60.73% so far in 2019.

The upward
trajectory has actually accelerated over the past three months, as the
company’s share price jumped from $7.88 on August 30 to $13.09 at the close
yesterday, an increase of approximately 66%.

The search for other markets

Trulieve claimed to have 55% of the medical cannabis market in Florida, the third most popular state for cannabis in the United States.

The number of
patients is increasing by about 10% per month and the state has about 40
clinics, with a plan to expand this network. It offers a wide range of cannabis
products with nearly 300 references.

The company is also
looking at other markets. It has obtained licenses to open clinics in
Connecticut, California, and Massachusetts. Trulieve has grown slowly and
steadily since 2015 and has avoided the enormous traps of rapid expansion that
other major cannabis companies currently face.

Trulieve Cannabis Corp. seeks to open up to alternative markets in the United States. (Source)

Although it is
traded on both the U.S. OTC markets and the Canadian stock exchange, Trulieve
has limited its presence to a relatively smaller playing field, focused solely
on the United States.

It is perhaps the trend that is emerging as the most successful path that will allow Trulieve to be considered one of the safest stocks in cannabis and one of the few big winners in the Cannabis industry in the short term.

Not all 2.0 products will be available for Christmas

Some, but not all, cannabis 2.0 products will be available for sale before Christmas in Canada. Auxly Cannabis Group Inc (TSXV: XLY) announced that its infused products will be available for retail sale starting Dec. 16.

In a press release issued by the Vancouver-based company, Auxly announced that it had entered into agreements with nine of the 10 Canadian provinces and that it would launch 83 derivative products, including soft drinks, chocolates, and others.

“This is an important milestone for us,” said Hugo Alves, Auxly’s CEO.

“Our team has been working on the launch of our derivatives portfolio for over 20 months and the extremely positive reactions to our brands and products carefully developed by provincial buyers,” he said.

“Consumer focus
groups have been extremely satisfying and motivating for the entire Auxly
family. It is a tremendous accomplishment to be ready to be marketed from day
one, across the country. It reflects the talent and dedication of our employees
and the importance we place on our company’s success in the 2.0 cannabis
market.”

Canopy Growth is among the safest stocks in cannabis

While a smaller producer like Auxly is making good progress towards launching its 2.0 products, cannabis giant Canopy Growth has announced that it will not offer its 2.0 product line until January 2020. Canopy will start by marketing its cannabis chocolate and infused drinks.

The company expects to target a new
consumer base through its next-generation products. Canopy feels the new
products will be able to target a wider consumer base that prefers not to smoke
cannabis but will try it in an edible or beverage form.

Its research has shown that 80% of
non-cannabis users would be interested in trying a cannabis-based drink.

DISCLAIMER: This article was written by a third party contributor and
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This article may include
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First published in Investing, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations,
some parts may be incorrect. Hemp.im assumes no responsibility for errors,
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Isaac Atwood is a PR and marketing consultant who has worked with respected names in the financial industry. He has also sat down in many sessions with startups aiming to become the next unicorn. Isaac loves working with CEOs, business executives, and entrepreneurs who wish to enter the following markets: artificial intelligence, cannabis, virtual reality, cryptocurrencies, robotics, wearable and smart tech, and even the much-hyped space race. He is currently managing the brand portfolio of an Asian firm planning for its IPO by the end of the year. While his engagements have taken him around the world, Isaac is proud to call Toronto his home.

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